Every EVXL story tagged “SEC” — newest first.
China’s recent expansion of its cash-for-clunkers trade-in program could give a significant boost to electric vehicle (EV) sales in the coming months. According to a BloombergNEF report, this initiative might push total EV sales in China beyond 10 million units this year. Doubling Down on Trade-In Incentives The Chinese government recently announced a doubling of…
Tesla has maintained its position at the top of the American Consumer Satisfaction Index (ACSI) for 2024 in the luxury segment, sharing the spot with Mercedes-Benz. This information comes from a recent ACSI study, as reported by Teslarati. Satisfaction Scores and Improvements Both Tesla and Mercedes-Benz scored 83 points in the ACSI ranking. While Tesla’s…
Ride-hailing giant Uber has announced a groundbreaking partnership with BYD, the world’s largest electric vehicle manufacturer, in a bid to reportedly boost EV ownership among its drivers. The Deal: Discounts and Special Leases The agreement aims to make EV ownership more accessible to Uber drivers through: Ambitious Goals and Global Reach This partnership has set…
Luxury automaker Porsche is making a bold move into the electric vehicle (EV) battery space, injecting fresh capital into struggling German battery manufacturer Varta. This strategic investment, reported by EuroNews, aims to secure high-performance batteries for Porsche’s growing lineup of hybrid and electric cars while supporting German battery production. A Lifeline for Varta Varta, facing…
A Tesla Semi reportedly caught fire early Monday morning, leading to an extended shutdown of Interstate 80 in Placer County, California. The incident, which occurred around 3:16 a.m. near Emigrant Gap in the Greater Sacramento area, has raised questions about electric vehicle (EV) safety and battery fire management. This information comes from a report by…
Volkswagen is making significant changes to its electric vehicle (EV) development strategy in China. The German automaker is centralizing its EV operations in Anhui province, aiming to better compete with local manufacturers and meet the unique demands of Chinese consumers, according to a report from CNEVPost. Shifting R&D Focus to Anhui Volkswagen’s current R&D center…
In a significant shift in the electric vehicle (EV) landscape, Hyundai Motor Group has emerged as a formidable challenger to Tesla’s market supremacy. According to recent data reported by EconoTimes, Hyundai and Kia have collectively captured 10% of the U.S. EV market in the first seven months of 2024, solidifying their position as major players…
Acura, Honda’s luxury brand, is gearing up to electrify its performance lineup with a new battery-powered sports car. This exciting development, reported by MotorAuthority, signals a major shift in the company’s approach to high-performance vehicles. A New Era for Acura Performance Shinji Aoyama, global executive vice president for Honda, revealed at the 2024 Monterey Car…
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